Choice Hotels International (NYSE:CHH) Rating Increased to Hold at StockNews.com

Choice Hotels International (NYSE:CHH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also weighed in on the stock. UBS Group cut their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Susquehanna assumed coverage on Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Robert W. Baird lowered their target price on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, Truist Financial reduced their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $130.18.

Choice Hotels International Trading Up 1.0 %

CHH traded up $1.29 during midday trading on Tuesday, reaching $126.85. 203,537 shares of the company’s stock traded hands, compared to its average volume of 530,872. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $134.44. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a fifty day moving average of $123.24 and a two-hundred day moving average of $120.41. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 2.13 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The business had revenue of $435.20 million for the quarter, compared to analysts’ expectations of $438.29 million. During the same period last year, the firm posted $1.75 earnings per share. Choice Hotels International’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Choice Hotels International will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now owns 23,461 shares in the company, valued at approximately $2,934,501.88. The disclosure for this sale can be found here. 24.02% of the stock is owned by company insiders.

Institutional Trading of Choice Hotels International

Several institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its stake in shares of Choice Hotels International by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,100 shares of the company’s stock worth $897,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System grew its position in Choice Hotels International by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 6,032 shares of the company’s stock worth $762,000 after purchasing an additional 100 shares during the period. AGF Management Ltd. raised its stake in Choice Hotels International by 0.5% during the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after buying an additional 101 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the period. Finally, MJP Associates Inc. ADV boosted its stake in shares of Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock worth $219,000 after buying an additional 127 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.